THE SUSTENTATION FUND OF THE NON-SUBSCRIBING PRESBYTERIAN CHURCH OF IRELAND Charity Commission Number NIC104934
Receipts and Payments Account for the year ended 31st December 2021
| Unrestricted Funds |
Restricted Funds |
Endowment Total Funds 2021 |
Total 2020 |
|
|---|---|---|---|---|
| Receipts | £ | f£ | £ £ |
£ |
| Bank Interest InvestmentIncome Investment Sales CongregationalSubscriptions Other Income |
8 5934 11333 11428 - |
11 19741 45733 - |
19 54 25729 57066 11428 - |
27 25626 95882 11910 2850 |
| TotalReceipts 28703 65485 54 94242 136295 OD AAR 136295 |
||||
| Payments | ||||
| BankCharges Grants to Ministers Distribution ofBequests Administration Costs investment ManagementFees Investment Purchases |
25 14400 1845 12502 |
26 21600 . 5673 34069 |
51 36000 54 54 - 7518 46571 |
54 39815 54 760 7034 78445 |
| TotalPayments 28772 61368 54 90194 126162 A 90NSH 126162 |
||||
| NetofReceipts/(Payments) Cashfunds lastyearend |
(69) 21383 |
4117 37454 |
4048 58837 |
10133 48704 |
| Cashfundsthisyearend 21314 41571 62885 58837 eA 2BBS 58887 |
Statement of Assets and Liabilities
Reconcifiation of Receipts and Payments Account
| Unrestricted Restricted Endowment Total Total |
|
|---|---|
| Funds Funds Funds 2021 2020 |
|
| Opening Fundsatbeginning ofYear Surplus/ (Deficit)fortheyear |
£ £ £ £ £ 198092 606813 1499 806404 826234 (69) 4117 4048 10133 0 198023 610930 1499 810452 836367 ee OE 83868 |
| Increase/(Decrease) invalueofInvestments | 15499 22344 37843 (29963) |
| ; ClosingFunds atendofyear |
eee 213522 633274 1499 848295 806404 a |
| Heldasfollows | Unrestricted Restricted Endowment Total Total |
| Funds Funds Funds 2021 2020 |
|
| Ulster BankCurrentAccount UlsterBankBusinessReserve InvestecWealth&Investment(cash) InvestmentsatMarketValue Total Funds |
Es £ £ £ £ 16335 15126 31461 30390 i 10082 10083 10082 4978 16364 21342 18365 192208 591702 1499 785409 747567 AIST 213522 633274 1499 848295 806404 ENA 806404 |
Non-monetary Assets (not included above)
There are no Non-Monetary Assets held by the Fund
Dr T Forsythe Independent Examiner
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i ee
Mr
J Swann
Hon Treasurer
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THE SUSTENTATION FUND OF THE NON-SUBSCRIBING PRESBYTERIAN CHURCH OF IRELAND Charity Commission Number NIC104934
Receipts and Payments Account for the year ended 31st December 2021
Statement of Material Liabilities
The Trustees are not aware of any material liabilities at the date of this Report
Notes to the Accounts
Basis of Accounting under Receipts & Payments
Revenue that the Charity is entitled to is recorded when received, expenditure that the Charity incurrs is recorded when paid.
Purpose and nature of funds
Unrestricted Funds : These are funds that have been received to be put to use at the discretion of the trustees in furtherance of the objects of the Charity.
Restricted Funds: Funds bequeathed to the Charity by the will of the late J O Stewart and subject to the terms and conditions of that will subsequently altered by a High Court ruling.
Endowment funds: Bequests placed in the care of the Trustees of the fund. The capital is invested in the General Portfolio. Income distributed as per terms of the bequest.
The bequests are:-
Bibby Bequest- Capital £420.55 Income £16.82 to Organist of the Ballee Congregation. Hamilton Bequest- Capital £851.18 Income £30.00 to Minister of the Templepatrick Congregation. Lindsay Bequest- Capital £226.90 Income £6.80 to Minister of the Dromore Congregation.
Approved by the Charity Trustees on 2nd July2022 and signed on their behalf by:-
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:
Mr | Laird
NSPCI Trustee Company
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